Helin, Inc is considering a rights offer. The ex$-$rights price is $$42$ on the ex$-$rights day, whereas the rights$-$on price was $$48.$ The company has $16$ million shares outstanding currently, and they plan to raise $$12$ million through the rights offering. Calculate the subscription price. Assume that each share will count as one right. $($Do not round intermediate calculations. For example, an answer of $1,234\mathrm{.}56$ should be entered as $1234\mathrm{.}56).$